Post Utme Lautech 2022 Economics Question 21

Practice objective / multiple choice question 21 from the 2022 Post Utme Lautech Economics examination.

Post Utme Lautech 2022 Economics Objective / Multiple Choice
Question 21 POST_UTME_LAUTECH • 2022 • ECONOMICS • objective

The concept of comparative advantage in international trade is based on the idea that countries should specialize in producing goods for which they have a lower opportunity \cost. Which of the following countries is likely to have a comparative advantage in producing wheat?

Answer Options

A. Country A, which has a large amount of fertile land and a favorable climate for wheat production
B. Country B, which has a large population and a high demand for wheat
C. Country C, which has a high opportunity \cost of producing wheat due to its limited land and resources
Correct Answer D. Country D, which has a low opportunity \cost of producing wheat due to its abundant land and resources
Correct Answer
D
Correct Option:
Country D, which has a low opportunity \cost of producing wheat due to its abundant land and resources

About This Question

This is Post Utme Lautech 2022 Economics Question 21. It is one of the objective questions from the 2022 Post Utme Lautech Economics examination.

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